Globant (NYSE:GLOB) Updates FY 2025 Earnings Guidance

Key Points

• Globant has updated its FY 2025 earnings guidance, projecting an EPS of $6.12 and revenue target of $2.4 billion.
• Brokerages have downgraded Globant's stock ratings significantly, with Goldman Sachs reducing its target price from $225.00 to $120.00.
• The company's stock has seen high trading volume fluctuations, with its current price at $78.00, reflecting a 52-week low of $73.98 and high of $238.32.

Globant (NYSE:GLOB - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.120- for the period. The company issued revenue guidance of $2.4 billion-. Globant also updated its Q3 2025 guidance to 1.530- EPS.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GLOB. The Goldman Sachs Group cut Globant from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $225.00 to $120.00 in a research note on Friday, May 16th. Piper Sandler downgraded Globant from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $154.00 to $116.00 in a research note on Friday, May 16th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $97.00 target price (down from $165.00) on shares of Globant in a report on Thursday, June 26th. Mizuho set a $153.00 price target on Globant and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Needham & Company LLC reduced their price objective on Globant from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.69.

Globant Price Performance

NYSE GLOB traded down $1.67 during trading hours on Thursday, hitting $78.00. The company had a trading volume of 2,491,241 shares, compared to its average volume of 1,103,070. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 3.12 and a beta of 1.16. Globant has a 52 week low of $73.98 and a 52 week high of $238.32. The firm has a 50 day simple moving average of $88.70 and a 200 day simple moving average of $121.88.

Globant (NYSE:GLOB - Get Free Report) last posted its earnings results on Thursday, August 14th. The information technology services provider reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by ($0.31). Globant had a return on equity of 11.08% and a net margin of 6.16%. Equities research analysts expect that Globant will post 5.73 earnings per share for the current year.

Institutional Investors Weigh In On Globant

Several large investors have recently added to or reduced their stakes in GLOB. Alliancebernstein L.P. increased its stake in Globant by 6,875.8% in the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider's stock worth $84,413,000 after acquiring an additional 915,924 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Globant by 823.2% during the second quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider's stock worth $9,619,000 after purchasing an additional 94,424 shares in the last quarter. First Trust Advisors LP increased its position in shares of Globant by 61.9% in the second quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider's stock worth $9,291,000 after purchasing an additional 39,122 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Globant by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider's stock worth $8,739,000 after purchasing an additional 30,386 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in Globant in the second quarter valued at approximately $7,756,000. Institutional investors own 91.60% of the company's stock.

Globant Company Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

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